Short Interest in GlobalFoundries Inc. (NASDAQ:GFS) Grows By 45.8%

Key Points

• Short interest jumped 45.8% in March to 17,262,602 shares (about 3.1% of shares outstanding) with a days-to-cover ratio of 4.3, signaling increased bearish or hedging activity.
• GFS beat quarterly estimates with $0.55 EPS vs. $0.47 expected and $1.83B revenue vs. $1.80B, and issued Q1 2026 guidance of $0.30–$0.40 per share; analysts’ consensus target is about $46.13 and average FY EPS is forecast at 1.31.
• Several institutional investors materially increased holdings (including AQR, Marshall Wace, UBS and Balyasny), while an insider sold 1,800 shares under a pre-arranged Rule 10b5‑1 plan.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 17,262,602 shares, a growth of 45.8% from the March 15th total of 11,840,116 shares. Based on an average daily volume of 3,977,384 shares, the days-to-cover ratio is presently 4.3 days. Approximately 3.1% of the shares of the company are short sold.

GlobalFoundries Price Performance

Shares of GFS traded down $0.62 during midday trading on Tuesday, reaching $48.41. The stock had a trading volume of 2,287,411 shares, compared to its average volume of 3,898,905. GlobalFoundries has a 52 week low of $30.69 and a 52 week high of $50.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. The firm's 50 day moving average price is $45.42 and its 200-day moving average price is $40.03. The company has a market capitalization of $26.94 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.93 and a beta of 1.46.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.08. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, analysts forecast that GlobalFoundries will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at GlobalFoundries

In related news, insider Michael James Hogan sold 1,800 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $45.04, for a total transaction of $81,072.00. Following the completion of the transaction, the insider owned 20,945 shares in the company, valued at $943,362.80. The trade was a 7.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 5,100 shares of company stock worth $224,997.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP acquired a new position in shares of GlobalFoundries in the 4th quarter worth $62,996,000. AQR Capital Management LLC grew its holdings in shares of GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company's stock worth $93,463,000 after acquiring an additional 1,635,338 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock worth $83,180,000 after acquiring an additional 1,328,129 shares during the last quarter. UBS Group AG grew its holdings in shares of GlobalFoundries by 136.7% in the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company's stock worth $63,178,000 after acquiring an additional 1,044,755 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of GlobalFoundries by 15,179.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 919,867 shares of the company's stock worth $32,122,000 after acquiring an additional 925,967 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zacks Research raised GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Citigroup lifted their target price on GlobalFoundries from $42.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Needham & Company LLC lifted their target price on GlobalFoundries from $42.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Susquehanna reaffirmed a "neutral" rating and set a $50.00 target price on shares of GlobalFoundries in a research note on Thursday, February 12th. Finally, Weiss Ratings raised GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GlobalFoundries presently has an average rating of "Hold" and an average target price of $46.13.

GlobalFoundries Company Profile

GlobalFoundries, Inc NASDAQ: GFS is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.

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